Power: Wrangling rocks sector, delays privatisation gains

Wrangling among major stakeholders in the power sector has foot-dragged expected gains six years after the privatisation of assets. This, checks by New Telegraph showed, came as operators and industry watchers blamed the Nigerian Electricity Regulatory Commission (NERC) for its threat to revoke the licences of the eight distribution companies due to remittance. The Federal Government under the former President Goodluck Jonathan, six years ago, formally handed over 18 power utility firms to investors in the private sector. However, tell-tale signs of poor power supply, unstable operations have remained. Since…

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$1.61bn power expansion project threatened

The planned $1.61 billion power transmission expansion project is under threat occasioned by acute shortage of gas for power, which shut-in a total of 29,219 megawatts of electricity on the national grid between October 1 and 17, 2019. Managing Director, Transmission Company of Nigeria, Alhaji Usman Gur, earlier said that government in collaboration with international donor agencies had set aside over $1.61 billion under the Transmission Rehabilitation Expansion Programme to ensure constant power supply in the country. “We are rehabilitating and expanding to 20, 000 megawatts by 2022 across the…

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FG approves N600bn to boost power supply

The Federal Government has approved N600 billon for electricity market to boost power supply. Transmission Company of Nigeria (TCN) said the intervention is for the payment of the shortfall in electricity invoices for the entire market. “The whopping sum of money has never been injected into the power sector before, but even when it is privatised, government is spending more telling you that the privatisation is given a red flag. “The fund will be ready for disbursement any moment from now,” Mr. Edmund Ejie, the Market Operator of TCN, said.…

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Power supply: Options before FG

That the privatisation of power sector hasn’t achieved its purpose is incontrovertible. However, a window of opportunity lies on the five-year performance agreement as government juggles series of options to reset power for steady supply. Abdulwahab Isa reports   Six years after its sale to the private sector, Nigeria’s power sector is still worse off . The state of power sector is the second most discussed topic in Nigeria today, coming behind security challenge. The government, it was reported during the week, is juggling options in its quest to finding…

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Benue youths protest non-supply of power, hold Jos Disco staff hostage

Hundreds of youths from Idye Ibi community opposite Police Zone 4 Headquarters in Makurdi, Benue State, yesterday protested the non-supply of power to their area. During the protest, some management and staff of Jos Electricity Distribution Company (JEDCO) Plc business unit were held hostage for more than two hours for non-supply of power, low shedding, rationing of electricity and over bloated bills. The peaceful protest, which started as early as 7a.m., terminated at about 9a.m. The protesters were seen carrying leaves and placards with different inscriptions even as they barricaded…

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N560bn power grid investments in disarray

The over N560 billion investments sunk into the National electricity transmission system popularly known as national grid is in disarray. This, New Telegraph gathered at the weekend, follows the incessant collapse of the grid on which the investments were made. The grid had suffered over eight collapses in the first five months of 2019. The transmission remains in firm grip of the Federal Government after it had privatised the generation and distribution strata of the value chain. Transmission Company of Nigeria (TCN), the government-owned company in charge of transmission, is…

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Power grid suffers second collapse in two weeks

How six stations were vandalised –TCN The Nigeria electricity system also known as the National grid on Friday suffered a fresh partial collapse, the second in the last two weeks. The data National System operator, an arm of the Transmission Company of Nigeria (TCN), sighted yesterday by Saturday Telegraph showed that this incident occurred Friday. The national grid had last Tuesday collapsed and with the latest occurrence yesterday, the number of system collapse recorded so far this year has been brought to seven. The nation’s power generation, according to the…

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2019 Budget: Reps reject Power, Works Ministry’s presentation

The House of Representatives’ Committee on Regional Planning and Urban Development yesterday turned down the brief of the Minister of State for Power, Works and Housing, Alhaji Baba Mustapha Shehuri and the permanent secretary, Alhaji Muhammad Bukar, describing it as “copy and paste” budget. The committee also expressed displeasure over lack of details of expenditure in the 2018 appropriation and directed the ministry to return with a clean copy with the inclusion of overhead column on the document with accurate accounts of releases and how they were spent before the…

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Power: MDAs, others’ debt hit N5bn monthly

  The Federal Government has ordered the metering of its ministries, departments and agencies (MDAs) as debts profile of these agencies and barracks of military and police across the country hit N5 billion monthly. New Telegraph gathered that this government’s directive is to be carried out by the newly established Meter Asset Provider (MAP) with support from the 11 distribution companies. The DisCos and government usually bicker on figures of debts by MDAs. The N5 billion monthly debts, a source at the Bureau of Public Enterprises (BPE), an agency that…

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Power: FG’s deficit exceeds N908bn

●As power grid collapse hits 36 in 2 years   The deficits suffered by the Federal Government in the power sector have exceeded N908 billion as incidents of national grid collapse hit 36 in 24 months, New Telegraph has learnt. An estimated N532 billion of this amount, the latest report from Advisory Power Team, sighted by our correspondent showed, was lost to insufficient gas supply, distribution, transmission and water reserves in just 12 of the 24 months. Within 28 days last February, Nigeria’s privatised power sector lost a total of…

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